Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
Nonprofit Accounts Receivable. The average collection period refers to how long, on average, it takes for an organization to receive promised payment. For a business, this usually refers to customers who pay for goods or services on credit. Nonprofit organizations also sell goods and render services before receiving payment.